'There's nothing really to be relieved about': Stocks climb on hopes of coronavirus stimulus, but analysts fear the rally is premature
jumped 2.7% to $1,609 an ounce.S&P 500 delivered its worst performance since the 2008 financial crisis"Investors are ready to start licking their wounds from last week," Ipek Ozkardeskaya, senior analyst at Swissquote Bank, said in a morning note."With the reassurance that the Fed will have their back covered, equity traders could be tempted to jump on the back of a bull this week.
"I can't help but feel that a strong relief rally at the start of the week when, the reality is, there's nothing really to be relieved about, is just putting us unnecessarily back into dangerous territory," Craig Erlam, senior market analyst at OANDA Europe, said in a morning note.
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